DislikedHey Mike
Just wanted to ask you about your entry on this one. You say you entered off the BEOB - is it J16 strategy to enter off these type of bars at a swing high? I am merely trying to find out if we can play these bars at swing low? It looks a good trade at the moment - are you targeting the bottom of the previous spike down?
ThanksIgnored
Yes you are correct. That traditionally speaking we want a BEOB at a swing high. This is the best way to learn them hands down. Sometimes I expand a bit in this thread to show other ways I use the material. Continuation beobs can be played but are in my opinion more tricky. I am not sure what previous spike down you are referring to, but I have no target in mind as of now.
Best
Mike